ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

DMC INVESTMENTS LIMITED - Company Information

Caseware UK (AP4) 2020.0.247 2020.0.247 2021-10-312021-10-312022-05-04No description of principal activity2020-11-01false22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12741824 2020-11-01 2021-10-31 12741824 2020-07-14 2020-10-31 12741824 2021-10-31 12741824 2020-10-31 12741824 c:Director1 2020-11-01 2021-10-31 12741824 d:CurrentFinancialInstruments 2021-10-31 12741824 d:CurrentFinancialInstruments 2020-10-31 12741824 d:Non-currentFinancialInstruments 2021-10-31 12741824 d:Non-currentFinancialInstruments 2020-10-31 12741824 d:CurrentFinancialInstruments d:WithinOneYear 2021-10-31 12741824 d:CurrentFinancialInstruments d:WithinOneYear 2020-10-31 12741824 d:Non-currentFinancialInstruments d:AfterOneYear 2021-10-31 12741824 d:Non-currentFinancialInstruments d:AfterOneYear 2020-10-31 12741824 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-10-31 12741824 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2020-10-31 12741824 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2021-10-31 12741824 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2020-10-31 12741824 d:ShareCapital 2021-10-31 12741824 d:ShareCapital 2020-10-31 12741824 d:OtherMiscellaneousReserve 2020-11-01 2021-10-31 12741824 d:MergerReserve 2021-10-31 12741824 d:MergerReserve 2020-10-31 12741824 d:RetainedEarningsAccumulatedLosses 2021-10-31 12741824 d:RetainedEarningsAccumulatedLosses 2020-10-31 12741824 c:FRS102 2020-11-01 2021-10-31 12741824 c:AuditExempt-NoAccountantsReport 2020-11-01 2021-10-31 12741824 c:FullAccounts 2020-11-01 2021-10-31 12741824 c:PrivateLimitedCompanyLtd 2020-11-01 2021-10-31 12741824 6 2020-11-01 2021-10-31 iso4217:GBP xbrli:pure

Registered number: 12741824

DMC INVESTMENTS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 OCTOBER 2021

DMC INVESTMENTS LIMITED

REGISTERED NUMBER: 12741824

BALANCE SHEET

AS AT 31 OCTOBER 2021

		2021		2020
Note		£		£

Fixed assets
Investments	4		4,800,000		-
			4,800,000		-
Current assets
Debtors: amounts falling due after more than one year	5	141,970		-
Debtors: amounts falling due within one year	5	-		6,750
Cash at bank and in hand	6	11,990		225
		153,960		6,975
Creditors: amounts falling due within one year	7	(315,609)		(6,750)
Net current (liabilities)/assets			(161,649)		225
Total assets less current liabilities			4,638,351		225
Creditors: amounts falling due after more than one year	8		(677,663)		-

Net assets			3,960,688		225

Capital and reserves
Called up share capital	300	225
Other reserve	3,548,688	-
Profit and loss account	411,700	-
	3,960,688	225

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 May 2022.

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DMC INVESTMENTS LIMITED

REGISTERED NUMBER: 12741824

BALANCE SHEET (CONTINUED)

AS AT 31 OCTOBER 2021

D Chalkley

Director

The notes on pages 3 to 7 form part of these financial statements.

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DMC INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 OCTOBER 2021

1.	General information

DMC Investments Limited is a limited company incorporated in England and Wales.
The Registered Office is 3 The Io Centre, Hearle Way, Hatfield, England, AL10 9EW.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of

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DMC INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 OCTOBER 2021

2.Accounting policies (continued)

2.8

Financial instruments (continued)

financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the period was 2 (2020 - 2).

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	Additions	4,800,000
	At 31 October 2021	4,800,000

5.	Debtors
		2021	2020
		£	£

Due after more than one year
Amounts owed by group undertakings	141,970	-
	141,970	-

					2021	2020
					£	£

Due within one year
Prepayments and accrued income	-	6,750
	-	6,750

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DMC INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 OCTOBER 2021

6.	Cash and cash equivalents
		2021	2020
		£	£

Cash at bank and in hand	11,990	225
	11,990	225

7.	Creditors: Amounts falling due within one year
		2021	2020
		£	£

Bank loans	63,909	-
Other creditors	250,000	6,750
Accruals and deferred income	1,700	-
	315,609	6,750

The following liabilities were secured:
	2021	2020
	£	£


Bank loan	63,909	-
	63,909	-

Details of security provided:

The loan is secured on a property in the fixed assets of Northstar Environmental Solutions Limited, a subsidiary of DMC Investments Limited. There is also a legal debenture over all assets and undertakings of the company and the wholly owned subsidiaries; Northstar Environmental Solutions Limited, Asbestech Limited and Fibre Management Limited.
The loan is also secured on property belonging to D Chalkley and S Charles, the directors of the company.

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DMC INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 OCTOBER 2021

8.	Creditors: Amounts falling due after more than one year
		2021	2020
		£	£

Bank loans	677,663	-
	677,663	-

The following liabilities were secured:
	2021	2020
	£	£


Bank loan	677,663	-
	677,663	-

Details of security provided:

IThe loan is secured on a property in the fixed assets of Northstar Environmental Solutions Limited, a subsidiary of DMC Investments Limited. There is also a legal debenture over all assets and undertakings of the company and the wholly owned subsidiaries; Northstar Environmental Solutions Limited, Asbestech Limited and Fibre Management Limited.
The loan is also secured on property belonging to D Chalkley and S Charles, the directors of the company.

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DMC INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 OCTOBER 2021

Amounts falling due within one year
Bank loans	63,909	-
	63,909	-

Amounts falling due 2-5 years
Bank loans	250,333	-
	250,333	-
Amounts falling due after more than 5 years
Bank loans	427,331	-
	427,331	-
	741,573	-

10.

Reserves

Other reserves

The other reserves comprises the excess of the fair value of the wholly owned subsidiary Northstar Envirnonmental Solutions Limited over the nominal value of the ordinary share capital following a share for share exchange.

11.Directors' personal guarantees

D Chalkley and S Charles have given a personal guarantee supported by charges over personal property over the bank loan totalling £800,000.

12.	Related party transactions
	The company owns 100% of the ordinary share capital in Northstar Environmental Solutions Limited. Northstar Environmental Solutions Limited has two wholly owned subsidiaries; Asbestech Limited and Fibre Management Limited.

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